Equifax: The New Era of CybersecurityEquifax EVP and CISO Jamil Farshchi on Public-Private Collaboration, Transparency
The high-profile Equifax breach happened nearly six years ago. Jamil Farshchi, CISO of Equifax, discussed how the firm invested $1.5 billion, hired new staff and improved governance to prevent future attacks, but he said security organizations need to enter a new era of cooperation and transparency.
A fundamental change that needs to happen is that cybersecurity needs to have a seat at the table and be baked into the business - not just an afterthought, Farshchi said.
"For the next generation of security leaders and CISOs, I'm hoping what the leaders in this space today will help pave the path so they will have it easier than we do, so they can focus on actual risk management and so they are able to buy down that cyberthreat that we face today," Farshchi said.
In this video interview with Information Security Media Group at RSA Conference 2023, Farshchi also discusses:
- The role of public-private partnerships in combating current and future threats such as advancements in quantum computing;
- The need for greater transparency to foster greater sharing between organizations;
- Mantras for the next generation of cybersecurity leadership.
During his tenure at Equifax, Farshchi led an unprecedented $1.5 billion transformation and built one of the most advanced, effective and transparent cybersecurity and privacy programs in business today. Prior to Equifax, he held leadership roles at The Home Depot, Time Warner, Visa, Los Alamos National Laboratory and NASA.